Mass Megawatts Announces Video Soon For Demonstrating a Three to Five Year Payback in Many Locations
Rhea-AI Summary
Mass Megawatts Wind Power (OTC PINK: MMMW) announces a new video on its website discussing the advantages of its solar tracking technology over traditional solar projects. The system can enable projects to pay for themselves within three years, thanks to a potential 30% increase in electricity production at a less than 10% additional cost. The tracker is particularly efficient in northern climates and helps commercial customers save on peak electricity costs. Mass Megawatts emphasizes that its technology uses a low-cost structure to improve stability and energy production, especially during high wind events.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Projects can pay for themselves in 3-5 years due to improved energy production.
- Solar tracker increases electricity output by over 30% compared to traditional setups.
- Lower costs associated with wind protection enhance project viability.
- Highly competitive in northern climates leading to larger benefits in solar output.
Negative
- None.
News Market Reaction – MMMW
On the day this news was published, MMMW gained 1.73%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
WORCESTER, Mass., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Mass Megawatts Wind Power Inc. (OTC PINK: MMMW) announces that a new video will be on its website www.massmegawatts.com before the end of August explaining its higher rate of return than stationary solar projects of a similar rated capacity. Using patent pending innovations for solar installations, the new technology allows a project to pay for itself within three to five years at many locations. In states like Massachusetts and New York, the payback with state incentives would be close to three years. The solar tracker units would have less than ten percent additional cost on a given solar project while producing more than thirty percent more electricity. One key advantage is the ability to reduce cost by using a low-cost method for protection against high wind events. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather. The solar panels attached to the solar tracker platform would force the face of the panels to turn 90 degrees from the direction of the wind. The system allows a slip feature during high wind conditions. It avoids that need for additional material and cost for protection.
The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to automatically adjust the position of solar panels throughout the day to receive an optimal level of direct sunlight. The STS allows Mass Megawatts to reduce the number of solar panels needed to generate the rated capacity.
Commercial customers can benefit from the use solar trackers if the electric bills have surcharges during the peak use of electricity during the day. There is an additional opportunity to save a substantial amount of money. An example is avoiding the
Additionally, Mass Megawatts recently noted larger benefits of solar power output in the northern part of the United States and Canada. Mass Megawatts patent pending solar tracker has its highest output in the northern climates in relation to commercial horizontal single axis solar trackers power output on the market. It would still have a higher output than commercial horizontal solar trackers in the southern parts of North America closer to the equator. In summary, the Mass Megawatts tracker is most competitive in the northern and colder climate. The taller profile of the Mass Megawatts tracker is not parallel to the ground unlike commercial horizontal single axis trackers. The Mass Megawatts trackers maintain a constant angle of solar incidence when the sun is lower in the sky. The Mass Megawatts tracker also avoid the need to space units for the limiting of shading and energy losses which is an issue with vertical single axis trackers and dual axis units.
Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the Website.
This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power.
Contact:
Mass Megawatts Wind Power, Inc.
